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Video: What is a Stock Split?
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A publicly traded partnership formed to own the general partner interest and 100% of the incentive distribution rights in Magellan Midstream Partners L.P. which mainly transports stores and distributes refined petroleum products. According to our MGG split history records, MGG has had 1 split. | |
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MGG (MGG) has 1 split in our MGG split history database. The split for MGG took place on February 28, 2000. This was a 2 for 1
split, meaning for each share of MGG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as MGG splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MGG split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MGG shares, starting with a $10,000 purchase of MGG, presented on a split-history-adjusted basis factoring in the complete MGG split history.
MGG -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
02/28/2000 | 2 for 1
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